Annual Meeting

Chairman’s Report 2026

This year, we celebrate our 77th year of serving families and businesses across Southeast Iowa and West Central Illinois. As a community credit union, our core mission remains unchanged: to enhance your financial well-being through exceptional service.

The Power of Partnership
No organization succeeds alone. Strong local partnerships empower us to serve in unique ways. Over the past year, these alliances have allowed us to expand our impact both inside our building and deep within our communities.

Through these collaborations, we delivered vital financial education courses, provided dedicated one-on-one member coaching, and developed alternate lending criteria. This ensures that when our members face unique challenges, their credit union is there with flexible, real-world financial solutions.

Stepping Up in Crisis
Our true character shines brightest during difficult times. In the fall of 2025, when SNAP benefits were abruptly paused, our community faced an immediate crisis. Your credit union did not hesitate. We launched the “14 weeks in 14 days” campaign.

Thanks to the incredible generosity of our members, staff, and neighbors, we raised enough money and food to sustain a local pantry for nearly four months. It was an honor to present the Zion Food Pantry with a check for $5,000.00 alongside crates of food donations, ensuring local families had food stability during the toughest months of the year.

Looking Ahead
This campaign is just one example of the collective heart of our cooperative.

Thank you for the continued trust you place in us through your membership. As we look ahead to this next year, we pledge to keep our focus exactly where it belongs: on doing what is right for our members, our employees, and our communities.

Thank you

Chairman, Daryl Wolff

Credit Committee Annual Report

1. Committee Overview

The Credit Committee met regularly throughout the year to ensure the credit union operated within established lending policies, guidelines, and regulatory frameworks. Our primary objective remains supporting members in achieving their financial goals while promoting the safe and wise use of credit.

2. Lending Activity Summary

During the 2025 fiscal year, the credit union approved and funded a total of 595 Loans for $3,326,017.15 in loans across multiple categories.

• Auto/Vehicle Loans: $2,402,480.42
• Mortgage/Home Equity Loans: $98,000.00
• Personal/Signature Loans: $750,536.73
• Participation Loans: $75,000.00

3. Portfolio Health and Delinquency

Our members continue to demonstrate strong credit performance. The credit union’s delinquency rate stands at an exceptional 0.07%, which compares favorably to industry peers. This low rate reflects both the financial responsibility of our membership and the strength of our underwriting standards.

4. Committee Commitments

Moving forward, the Credit Committee remains committed to:

• Reviewing and updating our lending policies to adapt to current economic conditions.
• Exploring new loan products and delivery channels to meet evolving member expectations.
• Working closely with the lending staff to ensure efficient and timely loan processing.

5. Acknowledgments

We would like to express our sincere gratitude to our members for their continued trust, and to the management team and lending staff for their hard work, dedication, and service to the credit union.

Respectfully submitted,

Wayne Smith, Credit Committee Chair

Audit Committee Annual Report

The Audit Committee serves as an independent body dedicated to protecting the financial interests of our credit union and members. Throughout the past year, our primary focus remained on safeguarding member equity, validating the accuracy of our financial records, and ensuring strict enforcement of regulatory rules.

To fulfill these oversight duties, the committee coordinated several key evaluations over the last twelve months. Most notably, we engaged the independent CPA firm Eide Bailly LLP, who performed a targeted Agreed-Upon Procedures audit of our financial records as of June 30, 2025. This specialized review rigorously tested our internal controls, cash balancing, and transaction recording practices.

Following this accounting review, our State regulatory exam was successfully performed in October of 2025, for records through June 30, 2025. Additionally, we executed our mandatory data validation project by cross-checking statement verifications directly with members and consistently sampled newly issued loans to verify strict compliance with underwriter rules.

Based on these extensive external reviews and internal evaluations, the committee is pleased to report highly favorable findings. The internal control structures remain robust for an institution of our size, and management seamlessly addressed the specific process improvements identified during the Eide Bailly engagement and the October regulatory review.

In conclusion, we declare that your credit union stands in sound financial condition and continues to operate with high integrity. We extend our sincere gratitude to our dedicated staff and fellow volunteer Board members for their tireless support and transparency.

Laci Ryan, Audit Committee Chair